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New Challenges for the Tourism Sector in the Algarve Region Based on Evaluation of the Circular Economy

New Challenges for the Tourism Sector in the Algarve Region Based on Evaluation of the Circular Economy

Ana Pego
Copyright: © 2020 |Pages: 15
ISBN13: 9781522599364|ISBN10: 1522599363|ISBN13 Softcover: 9781522599371|EISBN13: 9781522599388
DOI: 10.4018/978-1-5225-9936-4.ch010
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MLA

Pego, Ana. "New Challenges for the Tourism Sector in the Algarve Region Based on Evaluation of the Circular Economy." Strategic Business Models to Support Demand, Supply, and Destination Management in the Tourism and Hospitality Industry, edited by Luisa Cagica Carvalho, et al., IGI Global, 2020, pp. 185-199. https://doi.org/10.4018/978-1-5225-9936-4.ch010

APA

Pego, A. (2020). New Challenges for the Tourism Sector in the Algarve Region Based on Evaluation of the Circular Economy. In L. Carvalho, L. Calisto, & N. Gustavo (Eds.), Strategic Business Models to Support Demand, Supply, and Destination Management in the Tourism and Hospitality Industry (pp. 185-199). IGI Global. https://doi.org/10.4018/978-1-5225-9936-4.ch010

Chicago

Pego, Ana. "New Challenges for the Tourism Sector in the Algarve Region Based on Evaluation of the Circular Economy." In Strategic Business Models to Support Demand, Supply, and Destination Management in the Tourism and Hospitality Industry, edited by Luisa Cagica Carvalho, Lurdes Calisto, and Nuno Gustavo, 185-199. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-5225-9936-4.ch010

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Abstract

During recent years, the increase in tourism in the Algarve has shown an increase in changes in supply for consumers. This means that the tourism industry has started to change attitudes towards an ecosystem based on consumer behaviour and positive externalities. Consequently, the supply changes based on the circular economy (CE) have become one of the main issues for sustainable tourism in the Algarve. The propose is to analyse the relationship between the CE and the tourism industry based on stakeholder opinions and evaluate the tourism business model founded on a new assumption of positive externalities from the tourism sector. This chapter discusses the tourism sector and evaluation of the circular economy based on Porter's diamond model methodology. This chapter concludes that the tourism industry in the Algarve has started to show interest in changing attitudes to an efficient and smart perception of the CE. This investigation will give other sectors the opportunity to discuss the CE process based on a new supply of and innovation in products.

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